picture by Futurism.com
https://futurism.com/china-becomes-first-countrchina-becomes-first-country-in-the-world-to-test-a-national-cryptocurrencyy-to-test-national-cryptocurrency/
Article by Futurism.com
This will have extremely profound effects to the current status of all the Global financial & Economic environment especially when China is currently :
part of the Major Currency Trade Basket
the Largest Creditor Nation
holds the Largest Global Reserves to all Resources including precious metals.
is "ACTUALLY" practicing the crux of Capitalism as a Communist Nation.
has sound infrastructure and investment diversification strategies.
actually has a regulatory requirements for cryptocurrency that prevents it from being manipulated as well as plans to have its Cryptocurrency actually backed by Sovereign wealth that assures intrinsic value.
to those that are still skeptical about if Cryptocurrency is in a bubble economy...think again especially when this is a form of Currency Wars that China has been predominantly taking advantage of to protect their own Financial Integrity and Sustainability against the dying trend of Perpetual Printing and Reliance on the Fiat Currency
Note: that China isn't the only Country that's moved to use Cryptocurrency as their Sovereign wealth, Recently Russia, India, Japan has also moved into the adoption of Cryptocurrencies, (surprisingly most of the BRICS nations have) coincidence or strategically planned?
For Cash is King No more
Need I say more?
preacherofstorms